Rritual Superfoods Announces Uplisting to the OTCQB Market

Rhea-AI Summary

Rritual Superfoods Inc. has successfully uplisted from the OTC Pink Sheets to the OTCQB® Venture Market, trading under the symbol RRSFF. This milestone enhances the company's visibility and accessibility to U.S. investors, reinforcing its partnerships with retailers in the U.S. The OTCQB is designed for early-stage companies that meet higher financial standards and comply with U.S. securities laws. Rritual aims to dominate the rapidly growing functional food market, projected to reach $275 billion by 2025, emphasizing a focus on health and wellness.

Positive

• Successful uplisting to the OTCQB, increasing visibility and accessibility for investors.
• Aligns with the company's strategy to grow partnerships with U.S. retailers.
• Positioning to leverage growth in the functional foods market, projected to reach $275 billion by 2025.

Negative

• None.

VANCOUVER, BC, July 6, 2021 /PRNewswire/ - Rritual Superfoods Inc. ("Rritual" or the "Company") (CSE: RSF) (FSE: 0RW) (OTCQB: RRSFF) is pleased to announce its successful uplisting from the OTC Pink Sheets to the OTCQB® Venture Market (the "OTCQB"). The Company has commenced trading on the OTCQB under the symbol "RRSFF".

"Listing on the OTCQB is another important milestone for Rritual. It provides us greater visibility within the investment community and provides valuable capital markets exposure. This is a vital step as we continue to partner with national, and local retailers and grow the Rritual Brand in the United States." stated David Kerbel, CEO and director.

The OTCQB^® Market is the venture tier of OTC Markets on which 11,000 U.S. and global securities trade. Trading on the OTCQB will enhance the visibility and accessibility of the Company to U.S. investors. The Company's common shares will continue to trade on the CSE under the symbol RSF.

The OTCQB^® Venture Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade RRSFF. The OTCQB^® Venture Market is OTC Markets Group's premier market for early stage, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.

About Rritual

Rritual is a fast-growing functional superfood company that creates natural wellness products which support a holistic approach to a healthy lifestyle. The company is poised to dominate a segment where demand and sales are growing exponentially. Under the executive leadership with over 100 years of CPG pedigree, Rritual has launched distribution to major retailers and is positioning itself to lead and define functional health and wellness industry as a superfood platform. Rritual markets organic wellness products in the United States through initial retail rollout which includes over 10,000 points of sale and through www.rritual.com.

Follow Rritual on Twitter, LinkedIn, Facebook, and Instagram.

Functional Foods Market

According to Grandview Research*, it is estimated that the global functional food market is projected to reach $275 billion by 2025, growing at 7.9% each year with consumers putting more emphasis on health and wellness.

*https://www.grandviewresearch.com/press-release/global-functional-foods-market

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Rritual's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release. In particular and without limitation, this news release contains forward-looking statements relating to the Company's plans to leverage third party manufacturing and logistics, the Company's broader retail distribution plans and the Company's other plans, focus and objectives.

Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Rritual's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the impact and progression of the COVID-19 pandemic and other factors set forth under "Forward-Looking Statements" and "Risk Factors" in the final long form prospectus of the Company dated February 26, 2021 and available under the Company's profile on SEDAR at www.sedar.com. Rritual undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Rritual to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

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SOURCE Rritual Superfoods Inc.

FAQ

What does Rritual Superfoods' uplisting to OTCQB mean for investors?

The uplisting enhances visibility and accessibility for U.S. investors, potentially increasing investment interest.

When did Rritual Superfoods announce its uplisting to the OTCQB?

The announcement was made on July 6, 2021.

What is the stock symbol for Rritual Superfoods on the OTCQB?

The stock symbol for Rritual Superfoods on the OTCQB is RRSFF.

What is the significance of the OTCQB market?

The OTCQB is aimed at early-stage companies that meet high financial standards, improving investor confidence.

What is the projected growth of the functional foods market?

The global functional food market is projected to reach $275 billion by 2025, growing at 7.9% annually.